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It was a power move. Losing Penn State, in a vaccuum, wouldn't be that bad in and of itself. But the perception that your conference is vulnerable to have schools plucked is a much bigger concern. The Big Ten is a model of stability and power--losing Penn State (or anyone, really) would have raised eyebrows and caused some to question the validity of that statement. Look at the ACC: Losing Maryland is no big deal, but now they are seen as vulnerable because schools are willing to leave their conference. Their prestige took a hit because a charter member of it's conference was willing to leave.